Every year at the end of April, FINMA collects extensive data from insurance companies on balance sheets and income statements for the previous year. In contrast to the Swiss Solvency Test (SST), which uses market (or market-consistent) values, this data is based on statutory values defined in the Swiss Code of Obligations.
Insurance companies can send their data to FINMA via an online delivery platform. FINMA also receives annual reports from audit firms.
Supplementary health insurers must also ask FINMA to approve their tariff adjustments due to come into effect on 1 January of the following year. The deadline for requests is 31 July. Tariffs for daily allowance insurance for companies are not subject to approval.
Every six months, at the end of April and September, FINMA collects extensive data on the consolidated balance sheets and income statements of insurance groups and conglomerates. This data is based on international financial reporting standards (IFRS or US GAAP).